In the hedge fund world, bigger is still better

(CNBC) Stock market tumult has delivered a stinging hit to a number of areas, notable among them the hedge fund industry, which has seen a promising year turn south in a hurry. Total hedge assets are back lingering near the $3 trillion mark, after a brutal August sucked out $78.4 billion. Investors on their own added $10.5 billion, but that wasn’t nearly enough to offset the losses due to poor performance, according to recent data from industry tracker eVestment.

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